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4 Real Estate Stocks Pushing Industry Growth

2. As of noon trading,
Vornado Realty (
VNO) is up $1.15 (1.4%) to $83.48 on average volume Thus far, 496,127 shares of Vornado Realty exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $81.38-$83.60 after having opened the day at $81.84 as compared to the previous trading day's close of $82.33.

Vornado Realty Trust is a privately owned real estate investment trust. The trust engages in investment, ownership, and management of commercial real estate. It invests in the real estate markets of United States. The trust primarily invests in office, industrial and retail properties. Vornado Realty has a market cap of $15.2 billion and is part of the financial sector. The company has a P/E ratio of 54.7, above the S&P 500 P/E ratio of 17.7. Shares are up 2.8% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Vornado Realty a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Vornado Realty as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Vornado Realty Ratings Report now.